Convert Ease Staked NXM STNXM to Resupply USD REUSD

stNXM is a liquid staking token for Nexus Mutual capital providers. It allows users to underwrite coverage being sold on Nexus and receive premiums without needing to sacrifice liquidity and composability. This LST is a simple set-and-forget system where all of the administrative work of staking into various coverage pools is done for them, and yield generated from the protocol is rolled back into staking. stNXM generates real yield through a method previously unseen by any other yield-bearing tokens.

A decentralized stablecoin backed by Collateralized Debt Positions (CDP), leveraging the liquidity and stability of lending markets. The Resupply stablecoin is backed by other stablecoins that are earning interest on other lending markets. Designed to maximize yield returns by having the borrow rate always be half the lending rate being earned, half the risk-free rate, or two percent, whichever is greater. Emissions are designed for long-term sustainability by directing at three groups: the insurance pool, voting incentives, and directly at borrowers. The revenue that borrowers generate will directly correlate with the emissions directed towards them. The more revenue a borrower generates for Resupply, the greater the share of emissions it will receive. Targeted platforms for launch are Curve Lend and Fraxlend.